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Sherwin-Williams (NYSE:SHW) COO John G. Morikis sold 38,623 shares of the company’s stock on the open market in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $191.27, for a total transaction of $7,387,421.21. Following the transaction, the chief operating officer now directly owns 88,341 shares in the company, valued at approximately $16,896,983. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

SHW has been the subject of a number of recent research reports. Analysts at Barclays cut their price target on shares of Sherwin-Williams from $205.00 to $197.00 in a research note on Tuesday, February 11th. They now have an “equal weight” rating on the stock. Separately, analysts at Susquehanna raised their price target on shares of Sherwin-Williams from $167.00 to $170.00 in a research note on Tuesday, February 11th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Sherwin-Williams in a research note on Tuesday, February 4th. They now have a $186.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. Sherwin-Williams has a consensus rating of “Buy” and a consensus price target of $197.21.

Sherwin-Williams (NYSE:SHW) traded up 0.30% on Tuesday, hitting $191.735. 518,354 shares of the company’s stock traded hands. Sherwin-Williams has a one year low of $153.94 and a one year high of $198.47. The stock’s 50-day moving average is $187.2 and its 200-day moving average is $181.8. The company has a market cap of $19.078 billion and a P/E ratio of 26.33.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Friday, January 31st. The company reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by $0.10. The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.43 billion. Analysts expect that Sherwin-Williams will post $8.44 EPS for the current fiscal year.

The Sherwin-Williams Company (NYSE:SHW) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail customers primarily in North and South America with additional operations in the Caribbean region, Europe and Asia.

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